Page 2 - Broking Firms

Broking industry must prepare for next downturn: Samco CEO Jimeet Modi

Modi says that the account aggregator framework will be the next game changer for the industry

Broking industry's race to the top: Groww poised to pip Zerodha, but...

Groww set to become number one in active investors, but Zerodha remains most profitable

French banking major BNP Paribas looks to sell retail broking arm Sharekhan

BNP's acquisition was completed in 2016 after receiving approvals from all regulatory authorities

Broking industry revenues could be healthy in FY24, says Dhiraj Relli

As trading volumes are likely to be firm, broking industry revenues could be healthy in fiscal 2023-24 (FY24), even as the yields may not have much further to fall

Angel One dips 7% as NSE bars onboarding of new authorised persons

Angel One said NSE's order does not affect the existing business or the activities of the APs affiliated with the company.

ICICI Securities surges 7% to hit 7-month high on strong growth prospects

Analysts anticipate the broking revenue to remain stable in FY24, while expect strong growth in the distribution business and in interest income, led by strong growth in the MTF book

Broking industry growth moderating after strong FY22, says ICRA

ICRA believes that the outlook for the brokerage industry is stable, though its revenue trajectory and profitability are expected to moderate from the FY22 levels

Profitability of domestic broking companies calms after a strong FY22: ICRA

The profitability of the domestic broking industry fell to 34 per cent in Q1FY23 from 38 per cent in the similar period last year due to geopolitical concerns and the adverse macroeconomic outlook

Brokerages' shares come off highs amid hazy outlook, rising interest rates

Shares of leading listed brokerages have declined between 26% and 46% from 2022 highs

Broking industry set for record revenue in FY22; FY23 looks muted: Report

The influx of retail investors to the market is also visible from the 179 per cent increase in trading volumes during the first nine months of FY22

Equity cash, futures volumes dip in June on new peak margin norms

Meanwhile, the average daily trading turnover (ADTV) in the option segment rose six per cent month-on-month

'PSU banks a trading opportunity than long-term investment theme'

The main concern for the PSU banks is governance, says Pradeep Gupta of Anand Rathi Shares & Stock Brokers

After record FY21, brokerages' revenue growth to moderate in FY22: ICRA

'The ongoing investor exuberance is expected to wane gradually. The trading volumes are expected to moderate compared to the peak witnessed in the last few months,' says an ICRA official

'Broking industry offers enough for all players to grow and be profitable'

Today, barely 3 per cent of our population currently invests in stocks or mutual funds; we see great opportunity to expand

Broking income soars in Q3 amid new client additions, shows data

ICICI Securities saw brokerage income jump 61 per cent, while Motilal Oswal saw strong traction in cash market share and the highest ever quarterly client addition

Broking industry in bitter-sweet spot with yields sliding, revenues rising

Revenues during the same period have grown from Rs 760 crore to an estimated Rs 1,330 crore for this financial year

Retail participation and higher volumes boost broking business in 2020

The number of active investors has gone up 30-40% for most top brokers after the Covid outbreak

Paytm Money goes live with stockbroking services on its platform

Widens product offering after mutual funds, pension schemes

Broking industry has moved from pricing to product offering: Zerodha CEO

Zerodha CEO Nithin Kamath says not being answerable to anyone is the best part of his life, so the company is not looking for a funding

Europe's new market rules to pinch Rs 200-billion Indian broking industry

New norms designed to improve transparency, boost investor protection